Archive: December, 2023

December 20, 2023

Putting today’s market in context

By Polen Capital

For investors, the last four years have seen some remarkable events, which have had a profound impact on equity markets globally. Volatility has been elevated on both the ups and downs. The global pandemic that began in early 2020 induced a sharp correction as the initial curtailment of day-to-day activity became apparent.
December 19, 2023

Time for small caps to shine

By Roger Montgomery

In my final video insight for the year, I wanted to share some potentially exciting news for all you small cap stock enthusiasts out there. I delve into the recent developments at the U.S. Federal Reserve and what they mean for small cap stocks. Will 2024 be the year for small caps?

December 18, 2023

Rocket fuel for small caps – three takeovers announced

By Roger Montgomery

If you aren’t already aware I am optimistic about the prospect for small caps in 2024. Provided we have a combination of positive economic growth (even a short technical recession won’t upset my thesis) and a continuation of the disinflation that has informed the path of consumer prices over the last year, innovative small cap growth companies have the opportunity to catch up to mega-caps that dominated the investment landscape in 2023.

December 14, 2023

Keep an eye on New Zealand as the lead indicator

By David Buckland

In this week’s video insight, I delve into the discussions surrounding the Reserve Bank of New Zealand’s proactive approach to inflation, the nuanced shifts in major economies, and the potential impacts of tightening monetary policies.

December 11, 2023

The interest rate conundrum: Conflicting forecasts from banking giants

By Roger Montgomery

In this week’s video insight I wanted to discuss the contrasting predictions from Australia’s major banks regarding interest rates, painting a nuanced picture of the economic landscape. Shayne Elliott from ANZ anticipates sustained rate hikes amid escalating growth pressures. In contrast, NAB’s Ross McEwan suggests rates might have peaked, while CBA hints at a possible rate cut. These varied perspectives hold significant implications for households with mortgages and investors.

December 8, 2023

What can we expect from stocks and bonds in 2024?

By Roger Montgomery

Since late October, financial markets have witnessed a significant shift, adjusting to a softer labour market and persistent disinflation. As an aside, the latter – disinflation – was a condition we wrote about a year ago, suggesting it should support the share prices of innovative growth companies, especially those with pricing power.
December 4, 2023

Analysing Australia’s October CPI: Unexpected trends

By Brett Craig

The latest monthly consumer price index (CPI) read released last week, came in unexpectedly lower than anticipated, at 4. 9 per cent in the 12 months to October. This follows the previous read of 5. 6 per cent in September. With the 8.
December 1, 2023

Navigating success: Inside Seven Group Holdings

By Dominic Rose

In this week’s video insight, David Buckland and I discuss Seven Group Holdings (ASX: SVW), an Australian operating and investment group in the media, mining and construction industry in which the Montgomery Small Companies Fund holds a substantial stake. We spotlight the remarkable alignment between the Stokes family’s leadership and investors’ interests, emphasizing Seven Group’s astute counter-cyclical investment strategy. Additionally, we explore their recent strategic acquisition of Boral (ASX: BLD), shedding light on their concerted efforts to enhance operational efficiencies and bolster margins. Catch the full discussion here.


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